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>> with obama in the white house, we probably can't do anything good. but as an economic matter in terms of not discouraging saving and investing and as a moral matter not taxing people just because they die, the death tax should be wiped out. australia got rid of their death tax. even the former soviet union russia got rid of their death tax. countries around the world figure out it makes no sense to tax and tax and tax again. get rid of it. >> actually 28 out of 34 of the oecd advanced economy countries have either a wealth tax or estate tax. so factual error number one. number two, you're absolutely right. if you were to completely abolish this which nobody is talked about except dan mitchell, i guess. you'd be talking about something like half a trillion dollars of revenue lost over the next ten years. where you're going to get that from? you're going to get that from programs that help lower income people or the middle class themselves. now you're talking about literally a transfer from the top .2%. not 2%. but this tax only hits the two in 1,000 m
>> with obama in the white house, we probably can't do anything good. but as an economic matter in terms of not discouraging saving and investing and as a moral matter not taxing people just because they die, the death tax should be wiped out. australia got rid of their death tax. even the former soviet union russia got rid of their death tax. countries around the world figure out it makes no sense to tax and tax and tax again. get rid of it. >> actually 28 out of 34 of the oecd...
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president obama and house speaker john boehner meeting at the white house just minutes from now. my thoughts on the talks, the fed, and that cliff hanger, right after this. let's give thanks - for an idea. a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save yo
president obama and house speaker john boehner meeting at the white house just minutes from now. my thoughts on the talks, the fed, and that cliff hanger, right after this. let's give thanks - for an idea. a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in...
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we have obama in the white house. the unions are going whild here. in all seriousness, i don't think unions are any more placid here than they are in china. >> but in china, workers go out on wildcat strikes all the time. foxconn which manufactures about 97% of apple's products, they've been really subject to labor troubles, from suicides to strikes. so i think apple is starting to see that there are some really important economic reasons to manufacturing. they're not the only company doing that. >> is it robots they're going -- i was told that apple is going into a plant in the u.s. that's a robotic plant so american workers aren't really going to be hired. >> last year in foxconn, they had 10,000 robots. if you have robots, china's cost manufacturing advantage is really nil except for chinese consumers. >> as long as we keep drilling for natural gas and we have the shale revolution, that's going to make us more competitive. i'm not making a case for china. i'm just a little interested in the apple case. that's what i'm saying. i'm a little interest
we have obama in the white house. the unions are going whild here. in all seriousness, i don't think unions are any more placid here than they are in china. >> but in china, workers go out on wildcat strikes all the time. foxconn which manufactures about 97% of apple's products, they've been really subject to labor troubles, from suicides to strikes. so i think apple is starting to see that there are some really important economic reasons to manufacturing. they're not the only company...
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meeting with president barack obama. we don't know what they said, and we're in the era now of parsing every single word they do say publicly. nancy pelosi was out before cameras, although it's hard to get a lot of indication of what's going on with had statement. take a listen. >> the only obstacle standing in the way of middle income tax relief are the republicans unwillingness to ask the top 2% to pay their fair share. >> and if you listened carefully to speaker john boehner, he did say that there was no progress to report, but he may have been hinting a little bit of where there's some room for a deal here if the president will just meet him maybe not even halfway. listen to the speaker. >> there are a lot of things that are possible to put the revenue the president seeks on the table, but none of it's going to be possible. the president insists on his position, insists on my way or the highway. that's not the way to get to an agreement. >> so where are we now? i think we're basically at a point where speaker boehner
meeting with president barack obama. we don't know what they said, and we're in the era now of parsing every single word they do say publicly. nancy pelosi was out before cameras, although it's hard to get a lot of indication of what's going on with had statement. take a listen. >> the only obstacle standing in the way of middle income tax relief are the republicans unwillingness to ask the top 2% to pay their fair share. >> and if you listened carefully to speaker john boehner, he...
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house speaker to talk to president obama. first individual one on one meeting since the election and that meeting and some other signals that have been sent publicly by both parties have caused some noted skeptics of us getting a fiscal cliff deal. >> i think the atmospherics are getting so much better. we've gotten out after ka bookie theater and gone to dancing the tango with those two guys. any time you start to tango, you have a chance. >> chances of getting it done now are better. i think that's what's key. >> part of that tango is republicans cracking on tax rates. that's what president obama will be talking about in michigan today. keeping the public pressure on. but the part for the administrator point of view, tyler, is what do they live john boehner so he can bring his troops along, entitlement, spending cuts, to tell their members we got a good deal. >> john, i find it curious to find that president spent as much time as he has on the road trying to drum up support for this deal. we just had an election all about t
house speaker to talk to president obama. first individual one on one meeting since the election and that meeting and some other signals that have been sent publicly by both parties have caused some noted skeptics of us getting a fiscal cliff deal. >> i think the atmospherics are getting so much better. we've gotten out after ka bookie theater and gone to dancing the tango with those two guys. any time you start to tango, you have a chance. >> chances of getting it done now are...
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meet at the white house today at 5:00 p.m. eastern right after -- right after the closing bell, bill. >> right after. >> the point is the house has said they are going away for a long weekend tomorrow, and here we have boehner -- >> wait, don't go yet. >> getting this meeting in at 5:00 p.m., and it's amazing the market came halfway back just on that announcement. not that we have details of a deal, not that we know that we're having an agreement. just the fact that they are meeting. >> actually i thought they would come off the loews much more. >> you did. >> cut it in half, but it stalled here. >> we need more detail. it is encouraging. >> yeah. >> that they are talking. i mean, as long as you've got them in the same room. now, you know, john boehner has said he's leaving tomorrow, come hell or high water. he's going back home to get red for christmas. he says, you know, there is a telephone. >> not leaving for a long weekend. >> you can negotiate over the telephone? >> can't do it. >> no credibility. can't do it. >> i'm gue
meet at the white house today at 5:00 p.m. eastern right after -- right after the closing bell, bill. >> right after. >> the point is the house has said they are going away for a long weekend tomorrow, and here we have boehner -- >> wait, don't go yet. >> getting this meeting in at 5:00 p.m., and it's amazing the market came halfway back just on that announcement. not that we have details of a deal, not that we know that we're having an agreement. just the fact that they...
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the white house says the administration has made extensive proposals to reduce spending. but republicans haven't offered specifics on revenue increases. >>> let's turn to monetary policy. we've got spencer dale from the bank of england out reiterating his relatively hawkish stance when it comes to what the central bank can achieve in the u.k., warning that inflation is sticky and saying spare capacity is not a great gauge of inflation. pressures saying that monetary policy can only play a limited role in easing the country's painful economic adjustment. this, of course, in contrast to mark carney's comments yesterday. the incoming bank of england governor saying that in fact monetary policy can be quite effective and maybe should be more aggressive in time of low growth. and he perhaps would like to scrap the inflation target that his brpredecessor introduced altogether. >>> the federal reserve wraps up its two-day policy meeting this afternoon with a decision due at 12:30 p.m. eastern. will be followed by updated projections and ben bernanke's prius briefing. the fed --
the white house says the administration has made extensive proposals to reduce spending. but republicans haven't offered specifics on revenue increases. >>> let's turn to monetary policy. we've got spencer dale from the bank of england out reiterating his relatively hawkish stance when it comes to what the central bank can achieve in the u.k., warning that inflation is sticky and saying spare capacity is not a great gauge of inflation. pressures saying that monetary policy can only...
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how do you look at the white house? how do you look at how both the white house and congress has been negotiating this as a deal-maker yourself? >> i didn't go to the meetings though i was invited. i happened to have a trip in brazil and chile i had to go to. i liked the fact the white house is reaching out. i always believed collaboration between business, government, civil society, you will have a better outcome than antagonism. i like the fact of reaching out, people engaging in conversation. i like the fact the president went to the business roundtable and was on tv. it's a very good thing to do. i hope it gets to the right place. business is not the only player but hopes it gets us to the right place. >> do you think the relationship between wall street and washington is going to get better or -- let me put it a different way. as a result of this election, has there been any lesson learned about how to deal with washington differently, because it took on a very antagonist stick-back an forth before the electi elect
how do you look at the white house? how do you look at how both the white house and congress has been negotiating this as a deal-maker yourself? >> i didn't go to the meetings though i was invited. i happened to have a trip in brazil and chile i had to go to. i liked the fact the white house is reaching out. i always believed collaboration between business, government, civil society, you will have a better outcome than antagonism. i like the fact of reaching out, people engaging in...
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our john harwood is live at the white house with more on that. john, good morning. >> good morning, carl. you know the president's been very clear since the election that republicans need to give on taxes for people at the top and not just on revenues, but also on tax rates because he says the math can't work otherwise. we've seen some signs of cracking in the republican unity. that suggests we may be getting to the next phase of negotiations. the latest sign was possible corker, the senator from tennessee, who was on our air just a few minutes ago, as you know, saying republicans should concede ground on top tax rates and then get on to other issues. >> the best place for republicans to be, to me, is to pass the rate of rate increases, be done with it, the numbers aprobably much smaller than is going to ultimately be negotiated, and then we still are focused on the right thing, which is entitlement changes. >> and that may be what john boehner and president obama are discussing yesterday, and in the days to come. because, speaker boehner needs s
our john harwood is live at the white house with more on that. john, good morning. >> good morning, carl. you know the president's been very clear since the election that republicans need to give on taxes for people at the top and not just on revenues, but also on tax rates because he says the math can't work otherwise. we've seen some signs of cracking in the republican unity. that suggests we may be getting to the next phase of negotiations. the latest sign was possible corker, the...
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president obama and boehner spoke by phone on wednesday and promised to renew the negotiations. hurricane sandy expected to put a big dent in the u.s. jobs report out at 8:30 eastern. nonfarm payrolls are forecast to have risen just 80,000, versus 171,000 in october. it would be the smallest job growth in five months. sandy which truck strustruck at of october battered the east coast, but economists expect a snap back in december. unemployment forecast to hold steady at 7.9%. and besides the jobs report, other items on the agenda in the united states, two other pieces of economic data, the first is the read on december consumer sentiment, due out at 9:55 eastern. forecasts call for sentiment to slip to 82 this month down nearly three months from november. and at 3:00 p.m., we get october consumer credit. as far as futures right now ahead of that report, they are called for slightly downward start to u.s. programming. right now the dow is some 12 points below fair value. the nasdaq is currently gist over three points below fair value and s&p 500 about one point below. todd horowi
president obama and boehner spoke by phone on wednesday and promised to renew the negotiations. hurricane sandy expected to put a big dent in the u.s. jobs report out at 8:30 eastern. nonfarm payrolls are forecast to have risen just 80,000, versus 171,000 in october. it would be the smallest job growth in five months. sandy which truck strustruck at of october battered the east coast, but economists expect a snap back in december. unemployment forecast to hold steady at 7.9%. and besides the...
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lawmakers have no choice but to give in to the white house demands to raise tax breaks on the wealthy if they want to achieve their main goal of entitlement reform. >> there are a growing group of thugs looking at this and realizing we don't have a lot of cards as it relates to the tax issues before year-end. >> will i accept the tax increase as part of a deal to solve our problems? yes. >> senate republicans are facing opposition to their tax concessions in the house and democrats haven't been too receptive to their idea owes entitlement reforms. for more on this, jens is still with us. we've got, what, two working weeks until the end of the year. what's your base view here as to how this plays out? >> our base case is that we will get a type of deal probably later until the year. so i don't think it will be much of a christmas holiday for the key negotiators. i would say 60% to 70% probability that we get that pancake deal. then the details will have to be hammered out next year on a more comprehensive tax reform and so forth. if that's the case, then that should give a bit of a boo
lawmakers have no choice but to give in to the white house demands to raise tax breaks on the wealthy if they want to achieve their main goal of entitlement reform. >> there are a growing group of thugs looking at this and realizing we don't have a lot of cards as it relates to the tax issues before year-end. >> will i accept the tax increase as part of a deal to solve our problems? yes. >> senate republicans are facing opposition to their tax concessions in the house and...
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president obama and speaker john boehner met at the white house on sunday to discuss the impending fiscal cliff. neither offered details about the discussion, but both said the lines of communication remain open. is the fiscal cliff end game finally approaching? joining us now is ben white, politico's chief economic correspondent. ben, maybe it's good news they didn't come out and say, we're so far apart. >> it's a good sign. any time that boehner doesn't come out and say, we're nowhere, that's good. these things are going to get done in private. both sides need to leap off a bridge here. the republicans need to some how figure out how they're going to let the top rates go up. democrats need to swallow some changes to entitlement programs, raising the retirement age or changes. the less we hear, the better, in the next few days on the negotiations. as soon as you hear leaks saying these guys are too far apart, that's the problem. if we hear nothing, that's actually pretty good. >> are we starting to see the beginning of the gop move into the center with the comments over the weekend from
president obama and speaker john boehner met at the white house on sunday to discuss the impending fiscal cliff. neither offered details about the discussion, but both said the lines of communication remain open. is the fiscal cliff end game finally approaching? joining us now is ben white, politico's chief economic correspondent. ben, maybe it's good news they didn't come out and say, we're so far apart. >> it's a good sign. any time that boehner doesn't come out and say, we're nowhere,...
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bill daley was the white house chief of staff under president obama during the debt ceiling negotiations last year. mr. daley, thank you very much for joining us this morning. >> thanks for having me. >> reporter: we were just trying to figure out what to make of this. all morning long we've been saying it's relatively good news that we haven't within hearing from the principalprincipals. what does it mean now that speaker boehner is going to be addressing the house at noon. >> i think it's a strong sign there is movement. i don't know that. i'm not on the inside. i don't know what's going on. i doubt the speaker is going to stand up and speak to the body and say nothing's happening and we're not going anywhere and just give a partisan speech. so i'm hopeful that that's what this means. i think it would be damaging to a process that has been basically as it was in '11, a pretty quiet going process kept in secret if all the sudden this becomes anything but that process. i think a very public negotiation does not help getting this done. in what is a relatively very short period to sort of
bill daley was the white house chief of staff under president obama during the debt ceiling negotiations last year. mr. daley, thank you very much for joining us this morning. >> thanks for having me. >> reporter: we were just trying to figure out what to make of this. all morning long we've been saying it's relatively good news that we haven't within hearing from the principalprincipals. what does it mean now that speaker boehner is going to be addressing the house at noon....
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obama's big meeting with some of those ceos. john? >> the other way the ceos are in the middle of this is the president appeared before the business roundtable today as part of his effort to continue rounding up support from various constituencies for what he calls a balanced approach. one of the things he pressed was a priority that the head of the business roundtable, john eng r engler, has suggested which is a longer term fix to the debt ceiling problem. remember that it was a catastrophic standoff in mid 2011 that caused the downgrade in u.s. credit. president said he's simply not going to negotiate in the negotiating process that results in the same kind of stand-off. here is the president. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation? which, by the way, we have never done in our history until we did it last year. i will not play that game because we've got to break that habit before it starts. >> so w
obama's big meeting with some of those ceos. john? >> the other way the ceos are in the middle of this is the president appeared before the business roundtable today as part of his effort to continue rounding up support from various constituencies for what he calls a balanced approach. one of the things he pressed was a priority that the head of the business roundtable, john eng r engler, has suggested which is a longer term fix to the debt ceiling problem. remember that it was a...
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it seems to me that boehner is increasingly des sfroot try to get something out of the white house. if you look what the we now learn on the tuesday night conversation, they were emphasizing how far apart they were. and the reality is that obama has a very, very strong hand here, doesn't he, because if we go over the fiscal cliff and all taxes go up, he just on day one of congress comes back to them and says, okay, i now want to pass legislation to cut taxes for those earning less than 250,000. what are the republicans going to do not pass a tax cut? it seems to me that he has got all the cards here. >> well, more and more republicans are coming to that conclusion, simon. we saw even yesterday, john cornyn, very conservative senator of texas, chaired the senate campaign committee said at the end of the day, we are going to have to extend these tax cuts for people under $250,000 bob corker said the same thing, tom cole in the house said the same thing h the question's going to be how do you get members of the house republican caucus to vote that way? many of them are from very conser
it seems to me that boehner is increasingly des sfroot try to get something out of the white house. if you look what the we now learn on the tuesday night conversation, they were emphasizing how far apart they were. and the reality is that obama has a very, very strong hand here, doesn't he, because if we go over the fiscal cliff and all taxes go up, he just on day one of congress comes back to them and says, okay, i now want to pass legislation to cut taxes for those earning less than 250,000....
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house speaker boehner meeting with president obama at the white house. but what will it take to get a compromise deal? republican senator john thune will be our guest host for the hour. >> plus starwood hotel ceo frits van paaschen on the effects of the fiscal cliff and avoiding the european recovery model. >> we know big ben. >> parliament. >> the third hour of "squawk box" begins right now. >>> welcome back to "squawk box" here on cnbc. first in business worldwide i'm joe kernen along with becky quick. andrew ross sorkin is off today. we have a big lineup this hour. sitting in andrew's seat our guest host, senator john thune. he is with us for the hour to talk about the fiscal cliff. talk about jobs. and a lot more. we're also going to speak to the president of telemundo media. emilio row mano. we're going to convene an economic summit to tackle america's debt crisis and outline growth scenarios for 2013. in addition to solving our budget problems and the fiscal cliff, we're also going to figure out how it affects the hotel industry with starwood's hot
house speaker boehner meeting with president obama at the white house. but what will it take to get a compromise deal? republican senator john thune will be our guest host for the hour. >> plus starwood hotel ceo frits van paaschen on the effects of the fiscal cliff and avoiding the european recovery model. >> we know big ben. >> parliament. >> the third hour of "squawk box" begins right now. >>> welcome back to "squawk box" here on cnbc....
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president obama addresses the business roundtable and that could be critical. david has an exclusive interview with ken moelis. back to you guys. >> let's get six in 60. six stocks in 60 seconds. >> yesterday's news overshadowed by many things. a fantastic quarter. we knew it would be household formation buying on weakness. >> 17 straight. number of quarters where they beat it. this was a major miss. >> rbc does not like clf. this is again china. i don't like it either but china is coming back. >> naz 100 taking on facebook. >> money is an index to the naz 100. people paid for this in premarket. it was a mistake. >> citi thinks limited can do a special div. >> limited has a lot of cash. gap said no yesterday. hurt the stock. >> goldman starts utx neutral. great company. a slap in the face, carl. boom. slap in the face. >> you got that right. what's on "mad" tonight? >> i have been featuring these investment -- look, the etf. i've been feeling they know america. i have to know how bad america is. they do the southeast. great company. >> we've not talked a lot ab
president obama addresses the business roundtable and that could be critical. david has an exclusive interview with ken moelis. back to you guys. >> let's get six in 60. six stocks in 60 seconds. >> yesterday's news overshadowed by many things. a fantastic quarter. we knew it would be household formation buying on weakness. >> 17 straight. number of quarters where they beat it. this was a major miss. >> rbc does not like clf. this is again china. i don't like it either...
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and frankly, all we've heard from the white house is what they're not willing to do. so the president has signed the it tension of these rates in the past. i think the underreported story in all of this drama are senate democrats that are wringing their hands and avoiding eye contact. >> mcconnell would have produce the brought it up not just as an amendment. >> we're too busy today, forget it. >> they can't pass it in their own house. >> so here is the question. the operative question is does this administration really want to take to us $22 trillion? is that really where they want to go? because that's the pathway. and if they do, aren't we better to deal with this right now? this doesn't get any better the longer we wait. when you have the speaker saying we're willing to move, our movement is to put revenue on the table -- >> are you saying a bucket of crazy is better than the long term implications? >> that's what the country is dealing with. neither are things you want to embrace because they're both miserable. but based on experience in illino illinois, illinois
and frankly, all we've heard from the white house is what they're not willing to do. so the president has signed the it tension of these rates in the past. i think the underreported story in all of this drama are senate democrats that are wringing their hands and avoiding eye contact. >> mcconnell would have produce the brought it up not just as an amendment. >> we're too busy today, forget it. >> they can't pass it in their own house. >> so here is the question. the...
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however, neither the white house nor house speaker boehner's office are giving any public indication that either side is yet prepared to give up real ground. on a road trip yesterday, president obama indicated that he is willing to compromise, just not on that point about an increase in tax for relthy americans. meantime, speaker boehner says he is still waiting on specific spending cuts. joining us now for analysis, tony fratto, of hamilton place strategies and former white house press secretary and gerald bernstein former economic adviser to vice president joe biden. gentlemen, thank you for being here with us and getting this special day of coverage kicked off for us. >> rising early and rising above. >> exactly. let's talk about this. jared, it seems like things have gotten quieter. do you think that's the case? is that a good sign? >> i think it's probably a pretty good sign. if you look at this morning's papers, you see a number of articles suggesting that there's a bit more compromise in the air. my concern is that tomorrow's papers may say the opposite. so interestingly, ther
however, neither the white house nor house speaker boehner's office are giving any public indication that either side is yet prepared to give up real ground. on a road trip yesterday, president obama indicated that he is willing to compromise, just not on that point about an increase in tax for relthy americans. meantime, speaker boehner says he is still waiting on specific spending cuts. joining us now for analysis, tony fratto, of hamilton place strategies and former white house press...
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that happened at the white house today, we are frying to get more details, we're trying to get our white house chief correspondent jessica yellin on the phone and when she gets more details we'll bring it to you. >>> do you really know how much the extra taxes are going to cost you? lisa sylvester does the math. >> reporter: at the whit low's on wilson restaurant in arlington, sa virginia there,'s plenty of food and drink, but there's something else cooking up. co-owner jonathan williams worrying about the government's fiscal cliff. >> there's a real correlation, people have jobs they spend money, if people are worried about losing their jobs, or don't have a job, they're not going to go out that much, they're going to cook at home or stay home. >> reporter: just a couple miles in the pentagon, many of the people here work directly for the defense department and it's contractors. the defense industry is facing $125 billion of direct -- in addition several key tax ben fis are scheduled to expire at the end of the year that will have a direct impact on the pocket books of many americans. t
that happened at the white house today, we are frying to get more details, we're trying to get our white house chief correspondent jessica yellin on the phone and when she gets more details we'll bring it to you. >>> do you really know how much the extra taxes are going to cost you? lisa sylvester does the math. >> reporter: at the whit low's on wilson restaurant in arlington, sa virginia there,'s plenty of food and drink, but there's something else cooking up. co-owner jonathan...
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>>> president barack obama, house speaker john boehner met face-to-face at the white house today to try to prevent the fiscal cliff now just 23 days away. no details on their conversations but reps for both sides say the lines of communication remain open. the last time the president and the speaker met in person to talk about the fiscal cliff was more than three weeks ago. >>> and just after midnight on sunday, making history. the governor signed the voter-approved referendum into law on wednesday. >>> and hugo chavez is returning to cuba for more cancer surgery but this time he is making sure a new leader is in place in case he doesn't return, and he named the vice president as his choice for a replacement in case something happens for him. the 58-year-old president is still scheduled to be sworn in for a new six-year-term on january 10th. >>> sad news for fans of music star jenni rivera. there doesn't appear to be any survivors. the plane lost contact with air traffic controllers early this morning. so far no cause has been given for that crash. >>> the national menorah in front of t
>>> president barack obama, house speaker john boehner met face-to-face at the white house today to try to prevent the fiscal cliff now just 23 days away. no details on their conversations but reps for both sides say the lines of communication remain open. the last time the president and the speaker met in person to talk about the fiscal cliff was more than three weeks ago. >>> and just after midnight on sunday, making history. the governor signed the voter-approved referendum...
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president obama and john boehner met face-to-face at the white house to try to prevent the fiscal cliff. now just 23 days away. >>> the wording here is identical, ending with this, the lines of communication remain open. the two men last spoke by phone on wednesday and on friday mr. boehner said the white house had wasted another week for potential compromise. we don't know what prompted this meeting just that for the first time in a while the two sides are agreeing on something even if it's just the wording of their statements and keeping tight-lipped about what was said. don? >> thank you very much. >>> in today's meetings between president obama and speaker boehner, is it a sign that we are close to a fiscal cliff deal? i asked the senior cnn analyst, david gergen. >> this week is a crucial week to see if they can get a break through. in fact, they are willing to sit down and they did it in private, and instead of the political theater we have seen in the last few weeks i think that's encouraging. there's even a bigger long-term issue, and that is whether the kind of agreement they c
president obama and john boehner met face-to-face at the white house to try to prevent the fiscal cliff. now just 23 days away. >>> the wording here is identical, ending with this, the lines of communication remain open. the two men last spoke by phone on wednesday and on friday mr. boehner said the white house had wasted another week for potential compromise. we don't know what prompted this meeting just that for the first time in a while the two sides are agreeing on something even...
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president barack obama and house speaker john boehner met face to face at the white house today. no details on their conversations but refs for both sides say the lines of communication remain open. the last time the president and the speaker met in person to talk about the fiscal cliff was more than three weeks ago. >>> just after midnight on sunday gay couples in washington state made history. the voter approved referendum was signed into law on wednesday. >>> venezuelan president yugo chavez is returning to cuba for more cancer surgery. this time he is making sure a new leader is in place in case he doesn't return. he named the vice president as his choice for his choice in case something happens to him. he's scheduled to be swarn in for a new six-year term on january 10th. >>> some very sad news for fans of music superstar jenny rivera. they have found the wreckage of the private jet believing to be carrying the popular mexican-american singer and six others. the plane lost contact early this morning. so far, no cause has been given for that crash. >>> the menorah has been il
president barack obama and house speaker john boehner met face to face at the white house today. no details on their conversations but refs for both sides say the lines of communication remain open. the last time the president and the speaker met in person to talk about the fiscal cliff was more than three weeks ago. >>> just after midnight on sunday gay couples in washington state made history. the voter approved referendum was signed into law on wednesday. >>> venezuelan...
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house with president obama. we like to spend our sunday afternoons with cnn contributor. lz granderson, a writer for espn, consultant and strategist, good to see body of you. john boehner had some pretty tough words for the president on friday, listen. >> there are a lot of things that are possible to put the revenue that the president seeks on the table. well, but none of it's going to be possible if the president insists on his position. insists on my way or the highway. >> so anna, he also said the white house has wasted another week. now two days later, they're meeting again. did boehner's remarks make the difference? >> good. look, i think it's great. we cannot reach a deal if you are posturing and negotiating through press conferences. they need so sit in a room, they need to look at each other, they need to talk constructive debate, and they need to move this ball forward. i think what happened today is a very good sign. americans should be encouraged. it's a good thing. when our congressional leadership
house with president obama. we like to spend our sunday afternoons with cnn contributor. lz granderson, a writer for espn, consultant and strategist, good to see body of you. john boehner had some pretty tough words for the president on friday, listen. >> there are a lot of things that are possible to put the revenue that the president seeks on the table. well, but none of it's going to be possible if the president insists on his position. insists on my way or the highway. >> so...
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john boehner and president obama meeting face to face at the white house yesterday. first time they've had direct talks in more than three weeks. with 22 days until we go over the cliff and congress set to go on holiday break on friday. neither side is discussing details of the talks. both agree the line of communication remain open. >>> no sign of a north korean rocket launch, yet. they announced a 13-day window for a possible long-range rocket launch. the window opens today. they claim it's a peaceful bid to advance their space program, but the u.s. sees it as more ominous and is threatening sanctions if the launch takes place. >>> a very festive and busy sunday at seattle city hall. 133 same-sex couples tied the knot in seattle on the day gay marriage became legal in washington state. sara and emily koefert the first couple to get married at 12:04 a.m. the same-sex couples marrying in seattle were the first to pick up marriage licenses on thursday in the state. the state requires a three-day waiting period before the ceremonies. >>> a fireball streaking through th
john boehner and president obama meeting face to face at the white house yesterday. first time they've had direct talks in more than three weeks. with 22 days until we go over the cliff and congress set to go on holiday break on friday. neither side is discussing details of the talks. both agree the line of communication remain open. >>> no sign of a north korean rocket launch, yet. they announced a 13-day window for a possible long-range rocket launch. the window opens today. they...
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president obama, house speaker john boehner met face-to-face at the white house today to try to prevent the fiscal cliff now just 23 days away. we don't have any details on their conversations, but reps for both sides say the lines of communication remain open. meanwhile, at least four republican senators now support a tax hike on wealthy americans. here is senator tom coburn of oklahoma. >> the fact is we're spending money that we don't have on things we don't absolutely need, and there's no grown-ups in washington that will say time-out, stop the politics, let's have a compromise rather than continue to play the game through the press and hurt the country. >> more on this story in just a few minutes with our senior political analyst, david gergen. >>> a half million dollars, that's the bond set today by a judge near dallas for cowboys nose tackle josh brent. he was behind the wheel in a car accident this weekend that killed teammate jerry brown, jr. police believe brent was drunk when he flipped his mercedes yesterday morning. >>> we have an update to last week's tragedy in kansas cit
president obama, house speaker john boehner met face-to-face at the white house today to try to prevent the fiscal cliff now just 23 days away. we don't have any details on their conversations, but reps for both sides say the lines of communication remain open. meanwhile, at least four republican senators now support a tax hike on wealthy americans. here is senator tom coburn of oklahoma. >> the fact is we're spending money that we don't have on things we don't absolutely need, and...
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statement, president obama has long opposed so-called right to work laws and he continues to oppose them now. the president believes our economy is stronger when workers get good wages and good benefits. and he opposes attempts to -- he opposes attempts that -- can we change the graphic? >> it is up on the screen. >> he opposes the -- roll back their rights. michigan and its workers' role in the revival of the u.s. automobile industry is a prime example of how unions have helped build a strong middle class and strong american economy. that has come from matt lairic before the president's speech there. polls show michiganders are torn, divided on this measure. some polls show a little bit of majority support on the effort. but the president is coming down squarely on the side of unions here. and he -- there is leave nothing room for doubt where he stands, brooke. >> that's what we're hearing, what you're getting from the white house today and certainly we don't know, but perhaps the president will mention what is happening not too far away in lansing. let me ask you, jessica, the fis
statement, president obama has long opposed so-called right to work laws and he continues to oppose them now. the president believes our economy is stronger when workers get good wages and good benefits. and he opposes attempts to -- he opposes attempts that -- can we change the graphic? >> it is up on the screen. >> he opposes the -- roll back their rights. michigan and its workers' role in the revival of the u.s. automobile industry is a prime example of how unions have helped...
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with the white house and republican leaders at a stalemate, president obama is hitting the road to rally support for his plan, which would raise taxes for the wealthiest americans. he met yesterday with house speaker john boehner, their first face to face meeting in more than three weeks. today the president will visit a detroit engine factory to rally support from auto workers. the president's meeting with speaker boehner didn't yield a big breakthrough, but the men did manage to agree on one thing, and that is that they will keep their negotiations behind closed doors. the men released this identical statement, saying this afternoon the president and speaker boehner met at the white house to discuss efforts to resolve the fiscal cliff. we're not reading out details of the conversation, but the lines of communication remain open. cnn's dan lothian is at the white house this morning. dan, i guess the fact that the lines of communication are open is a good sign. >> reporter: that's right. it is a good sign. it was just about a week ago that we were reporting about how nothing was going on
with the white house and republican leaders at a stalemate, president obama is hitting the road to rally support for his plan, which would raise taxes for the wealthiest americans. he met yesterday with house speaker john boehner, their first face to face meeting in more than three weeks. today the president will visit a detroit engine factory to rally support from auto workers. the president's meeting with speaker boehner didn't yield a big breakthrough, but the men did manage to agree on one...
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now, we need a response from the white house. we can't sit here and negotiate with ourselves. >> house speaker boehner saying that is president obama and the democrats to save you for being higher taxes. this fiscal cliff thing, the problem with the republicans, larry, is that they have been boxed in by the democrats into a difficult position where the polls confirm that the public in america believe that the reason that president obama is going to win the debate is because, come the fiscal cliff moment, that if he goes over, that they are going to save the backsides of the wealthy 2% of americans. i probably shouldn't but i do. >> speaking as a reagan conservative, i must say i rather agree with you. probably shouldn't. but i do. i think divided government is very difficult. and there's some principles that speaker boehner is fighting for, with which i actually agree. but i think politically, the risk here for the gop, is they've become the party of rich people. and they give up the middle-class to the democrats. and i think you
now, we need a response from the white house. we can't sit here and negotiate with ourselves. >> house speaker boehner saying that is president obama and the democrats to save you for being higher taxes. this fiscal cliff thing, the problem with the republicans, larry, is that they have been boxed in by the democrats into a difficult position where the polls confirm that the public in america believe that the reason that president obama is going to win the debate is because, come the...
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boehner and president obama met at the white house yesterday. both released statements basically they wouldn't say anything, but that "the lines of communication remain open." can we hope for a deal any time soon? cory booker, the mayor of newark, new jersey. nice to have you with us. >> very nice to be here. >> not part of the fiscal cliff discussions, apparently down to the two of them. what happens to your city if we go over the fiscal cliff? >> it's a real challenge for people all over my state, frankly. a lot of families in this tough economic time, seeing them having $2,000 or more on average of expenses of not enjoying tax cuts, will make a real impact. people barely making mortgage payments, falling behind on car payments this will be a difficult thing. and that will have a multiplier affect. people who don't have extra money to spend hurt the stores that that would be shopping in, the food they would be buying, so on, so forth this is a time we can't have a government that is especially republicans, holding hostage all of this country.
boehner and president obama met at the white house yesterday. both released statements basically they wouldn't say anything, but that "the lines of communication remain open." can we hope for a deal any time soon? cory booker, the mayor of newark, new jersey. nice to have you with us. >> very nice to be here. >> not part of the fiscal cliff discussions, apparently down to the two of them. what happens to your city if we go over the fiscal cliff? >> it's a real...
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obama had selected her piece as the winner. >>> coming up, the bionic actor. we have a young man here with his luke skywalker hand and an update on his recovery from a horrific accident onset. plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may not work for everyone -- and may not clear you completely, but for many, it gets skin clearer fast, within 2 months, and keeps it clearer up to 9 months. [ male announcer ] because enbrel®, etanercept, suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal, events including infections, tuberculosis, lymphoma, other cancers, and nervous system and blood disorders have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. don't start enbrel if you have an infection like the flu. tell your doctor if you're prone to infections, have cuts or sores, have had hepatitis b
obama had selected her piece as the winner. >>> coming up, the bionic actor. we have a young man here with his luke skywalker hand and an update on his recovery from a horrific accident onset. plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may not work for everyone -- and may not clear you completely, but for many, it gets skin clearer fast, within 2 months, and keeps it clearer up to 9...
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. >>> president obama and his family celebrated the annual christmas tree lighting near the white house tonight. the president said the first lady told him to make his remarks brief because she wanted to hear music. ♪ you better watch out ♪ you better not shout i'm telling you why ♪ ♪ santa claus is coming to town ♪ ♪ he's making a list and he's checking it twice ♪ ♪ he's going to find out who is naughty or nice ♪ >> they were celebrates in d.c. just hours from now the november jobs report comes out and it's expected to be messy between holiday hiring and the aftermalgt of sandy, some analysts say no matter what it shows no one should read much into it. with the holidays upon us how are businesses finding ways to keep jobs and their doors are open while others fail. tom forman went looking for answers in new york. >> amid the bustle of broadway, against the bad economy and the crushing competition at the strand the show goes on. it started more than 80 years ago. this independent bookstore has beaten the odds surviving the great depression, world war ii and fred bass,
. >>> president obama and his family celebrated the annual christmas tree lighting near the white house tonight. the president said the first lady told him to make his remarks brief because she wanted to hear music. ♪ you better watch out ♪ you better not shout i'm telling you why ♪ ♪ santa claus is coming to town ♪ ♪ he's making a list and he's checking it twice ♪ ♪ he's going to find out who is naughty or nice ♪ >> they were celebrates in d.c. just hours from...
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met face-to-face at the white house to prevent the fiscal cliff now just 23 day as way. we don't have any details of their conversation. reps for both sides say lines of communication remain open. >>> some gay couples living in washington state made history after sunday becoming the first legal same-sex marriages in the state. sarah and emily coiffeur were the first to get married at the king county courthouse in seattle. the governor signed the vote area proved referendum into law on wednesday. very sad news for jiffy riff air yachlt they found the wreckage after private jet carrying the mechl canal singer and six others and there doesn't appear to be any survivors. they lost contact with the air traffic controllers earlier this morning. >>> those are your headlines this hour. i'm don lemon keeping you informed. cnn, the most trusted name in news. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use le
met face-to-face at the white house to prevent the fiscal cliff now just 23 day as way. we don't have any details of their conversation. reps for both sides say lines of communication remain open. >>> some gay couples living in washington state made history after sunday becoming the first legal same-sex marriages in the state. sarah and emily coiffeur were the first to get married at the king county courthouse in seattle. the governor signed the vote area proved referendum into law on...
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obama has been against right to work legislation. you looked at what happened in wisconsin with governor scott walker. his attempt to take away collective bargaining rights and he's spoken out about this, too, saying that unions have helped the meddle class and that they've helped the american economy. >> alison kosik, live for us watching the impending crowds in lansing. stay with cnn today at 2:00 p.m. eastern, when president obama is set to speak live. we're also going to see if he has anything to say about exactly what alison was just reporting on and i have some breaking news. an update about the death of the navy s.e.a.l. in afghanistan that we brought you just about a half hour ago. the defense department is now sending out his identity. and he -- he was petty officer first class nicholas check. 28 years old of monroeville, pennsylvania. special op killed in action during that special forces mission to rescue an american doctor in afghanistan. that doctor, he was either kidnapped by taliban or smugglers. we do know that check
obama has been against right to work legislation. you looked at what happened in wisconsin with governor scott walker. his attempt to take away collective bargaining rights and he's spoken out about this, too, saying that unions have helped the meddle class and that they've helped the american economy. >> alison kosik, live for us watching the impending crowds in lansing. stay with cnn today at 2:00 p.m. eastern, when president obama is set to speak live. we're also going to see if he has...
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the white house won't budge on taxes. the republican led house takes a break. can you make sense of this for us? >> i think that's a little above any of our pay grade trying to make sense of it all other than it seems that it's one more fight that we've seen over and over again and we are seeing once again it play out almost as it appears slow motion, carol. you mention the call between speaker boehner and president obama. they may have talked. no read out of the call per se. we are still a long way away from a deal that is for sure. why? because at its most basic neither side is giving on their primary position. president obama continues to insist over and over again any deal must include a tax rate increase on the top 2% of wage earners which republicans just as firmly insist is a nonstarter. today the president is going to continue his public pressure campaign according to the white house, he's meeting with a middle class family in northern virginia to discuss as they put it the importance of extending the tax cut for the middle class. they have not extended
the white house won't budge on taxes. the republican led house takes a break. can you make sense of this for us? >> i think that's a little above any of our pay grade trying to make sense of it all other than it seems that it's one more fight that we've seen over and over again and we are seeing once again it play out almost as it appears slow motion, carol. you mention the call between speaker boehner and president obama. they may have talked. no read out of the call per se. we are still...
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president obama wants to get some of it from the top 2% of wage earners. he wants to raise their tax rate and limit how much they can deduct. the white house says this will bring in $1.6 trillion over ten years. >> that's what the american people have voted for. >> republicans say they'll agree to bring in more money, but not by raising tax rates. in fact, they want to lower tax rates for everyone. instead they'd raise money only by limits deductions and closing loopholes. speaker boehner says this will raise $800 billion over ten years. >> america faces a serious problem. our goal is to make sure it gets solved. >> step two, avoiding the drastic spending cuts that begin on january 1st, the so-called sequester. both sides want to find savings in medicare, but disagree about how to do it. >> we need a responsible white house. we can't sit here and negotiate with ourselves. >> and step three? the debt limit. >> i will not play that game. >> because we've got a -- we have to break that habit before it starts. >> the nation is going to hit the debt limit early
president obama wants to get some of it from the top 2% of wage earners. he wants to raise their tax rate and limit how much they can deduct. the white house says this will bring in $1.6 trillion over ten years. >> that's what the american people have voted for. >> republicans say they'll agree to bring in more money, but not by raising tax rates. in fact, they want to lower tax rates for everyone. instead they'd raise money only by limits deductions and closing loopholes. speaker...
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." >>> president obama steps out of the white house and into the home of a family much like those many middle class families all across the united states. it's all part of an effort to winover support for his plan in the face of fierce deadlock with the republicans over the looming fiscal cliff. our white house correspondent dan lothian caught up with the family just after the president left. dan is joining us now with the latest. how did it go, dan? >> reporter: well, wolf, the white house believes it went well. we've seen the president use this strategy before when he's locked in battle with republicans. he takes his message on the road. white house spokesman jay carney saying there are no announcements about face-to-face meetings or phone calls. for now this is how we see the president negotiating. it's a negotiating tactic that president obama always keeps in his tool kit, head to a backyard or living room, sit down with families who say his approach offers economic relief and send a loud message to congress with a personal touch. >> for them to be burdened unnecessarily because de
." >>> president obama steps out of the white house and into the home of a family much like those many middle class families all across the united states. it's all part of an effort to winover support for his plan in the face of fierce deadlock with the republicans over the looming fiscal cliff. our white house correspondent dan lothian caught up with the family just after the president left. dan is joining us now with the latest. how did it go, dan? >> reporter: well, wolf,...
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. >> it certainly does give weight and explanation for the white house argument, the reason they have not gopten more involved in actually arming and supporting those rebels on the groubd in syria. very complicated situation. nick payton walsh, thank you very much. >>> president obama promoting his plan to avoid the so-called fiscal cliff. he's taking his message to the american people. he landed in detroit a couple of minutes ago. he's going to talk to workers at the detroit diesel corporation shortly. they make diesel engines. we'll bring you the president's remarks live as soon as they start. >>> they met back in 1977, but the relationship was considered taboo until now. we'll take with jane and penny about becoming the first same sex couple to get their marriage license in washington states. ♪ ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do >>> celebrating and tieing the knot, same-sex couples gather to say i do to make uns legal. folks in maryland and maine have to wait a few weeks, but the new law in washington state went into effect on th
. >> it certainly does give weight and explanation for the white house argument, the reason they have not gopten more involved in actually arming and supporting those rebels on the groubd in syria. very complicated situation. nick payton walsh, thank you very much. >>> president obama promoting his plan to avoid the so-called fiscal cliff. he's taking his message to the american people. he landed in detroit a couple of minutes ago. he's going to talk to workers at the detroit...
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president obama pushed for the power trance fosform as part of white house plan they unveiled a week ago. fiscal cliff, 26 days away. christine romans explains how going over the cliff could affect you and your family. >> reporter: brooke, here's what the sequester could mean for domestic programs. fewer women and children with assistance and child care aid. cuts to education nearly 100,000 head start spots at risk. more than 25,000 teachers and teachers aids could lose their jobs and science and public research grants could be cut including in to cancer and childhood diseases. fewer americans could receive drug abuse treatment and $700 million slashed from the epa budget. cutting back of food inspection. disaster relief, omb says, quote, the federal emergency management administration's ability to respond would be undermined. and finally, from border patrol to hiring new fbi agents, correction officers, federal prosecutors, all could be scaled back. now, all of these cuts, brooke, don't happen exactly at 12:01 a.m. on january 2nd. they happen over the course of a year. but agencies
president obama pushed for the power trance fosform as part of white house plan they unveiled a week ago. fiscal cliff, 26 days away. christine romans explains how going over the cliff could affect you and your family. >> reporter: brooke, here's what the sequester could mean for domestic programs. fewer women and children with assistance and child care aid. cuts to education nearly 100,000 head start spots at risk. more than 25,000 teachers and teachers aids could lose their jobs and...
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in fact, even when president obama and house speaker john boehner were in the same room together like they were last night at the white house holiday reception for congress members, they didn't even speak. the president was asked about that today. >> speaker boehner was here at the white house last night for a christmas party. the two of you didn't even speak. what's it going to take to get the two of you in a room to hash this out? >> well, speaker boehner and i speak frequently, and i think the issue right now -- >> when? when will the two of you sit down in a room? >> you know, i don't think that the issue right now has to do with sitting in a room. >> as i mentioned, the american people want the people they elected to sit down together, work it out. a new gallup poll shows 62% want government leaders to compromise on the fiscal cliff. just 25% said they should stick to their principles. so why is it that this congress and this white house can't seem to get together and compromise on a deal? it certainly isn't the first time republicans and democrats haven't seen eye-to-eye on an i
in fact, even when president obama and house speaker john boehner were in the same room together like they were last night at the white house holiday reception for congress members, they didn't even speak. the president was asked about that today. >> speaker boehner was here at the white house last night for a christmas party. the two of you didn't even speak. what's it going to take to get the two of you in a room to hash this out? >> well, speaker boehner and i speak frequently,...
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of course, the gop is delivering the same message about the white house plan. today, a bipartisan group of governors went to the white house and capitol hill, urging both sides to make a deal. two of those governors join me now. governor gary herbert of utah and jack markell of delaware, chair of the national governors association. welcome to you both. interesting day for you because you managed to talk to the president and john boehner, when they can't be bothered to talk to each other. so what did you discover? let me start with you, governor herbert. what was your take on the two meetings? >> well, we were honored to be invited. i think too many times, the states and governors have been overlooked and underappreciated and almost a second thought when it comes to some policies made so i applaud jack's leadership in getting us together in a bipartisan way through the national governors association. i thought we were well received. i think the president and the speaker and majority leader was appreciative of our insight and our concerns about them going over th
of course, the gop is delivering the same message about the white house plan. today, a bipartisan group of governors went to the white house and capitol hill, urging both sides to make a deal. two of those governors join me now. governor gary herbert of utah and jack markell of delaware, chair of the national governors association. welcome to you both. interesting day for you because you managed to talk to the president and john boehner, when they can't be bothered to talk to each other. so...